07/28 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-28
WCG Markets:2023-07-28
5 Best Forex Currency Pairs to Trade Beyond USD And Their Benefits
Investing in currency pairs that involve US dollars is undoubtedly the absolute best place a beginner can invest their capital in the forex market. However, as you gain sufficient knowledge and expertise, it’s probably a great idea to explore more favorable forex currency pairs and expand your forex portfolio beyond relying solely on USD. This decision is also timely, as economies exhibit de-dollarization trends at high tides!
OTC Market VS Exchange Market: Which One is Best for Online Trading?
OTC market and Exchange market are two different marketplaces where traders buy and sell different financial instruments/assets like currencies, stocks, etc. As you embark on your journey towards becoming an online trader, choosing the right market to trade holds a great deal of importance. Let’s dive right in!
Mai hui MHmarkets: July 27, 2023-MHM European Perspective
Spot gold traded near $1,976.08 an ounce in Asia on Thursday（JUL/27）, as investors digested fairly balanced remarks from Fed Chair Powell and expectations that the Fed's cycle of rate hikes may be over. The dollar index briefly hit a more than one-week low. Helped gold hit a near one-week high of $1,981.91 an ounce. But fears of a U.S. recession have also cooled, with the Congressional Budget Office on Wednesday sharply raising its 2023 growth forecast, still giving gold bulls pause.
Mai hui MHmarkets: July 27, 2023-MHM European Perspective
Spot gold traded near $1,976.08 an ounce in Asia on Thursday（JUL/27）, as investors digested fairly balanced remarks from Fed Chair Powell and expectations that the Fed's cycle of rate hikes may be over.
Mai hui MHmarkets: July 27, 2023 - Fundamental Reminder
Early this morning, the Fed raised interest rates by 25 basis points as scheduled. Powell said at the press conference afterwards that if the data allowed, it would raise interest rates in September, but it was willing to stop raising interest rates before inflation fell to 2%.
07/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
STARTRADER FOREX: U.S. Economic Dilemma: Soaring Debt and Declining Investment Ability
Sudden inflation and the depletion of savings have made Stacy Coquelin in Florida, USA feel unprecedented pressure. As a construction project manager, she should have enough income to meet her living needs.
STARTRADER Forex: Gold, oil and the US dollar under the influence of the Fed's interest rate hike
Oil prices fell by more than $1 a barrel last Friday, mainly due to the strength of the US dollar and the profit-taking of oil traders after a strong rebound, which also made the benchmark crude oil contract rise for the third consecutive week.
WCG Markets:2023-07-27
WCG Markets:2023-07-27
Copy the Best Trader Globally with Lirunex Copy Trade
With the power of social trading, Lirunex Copy Trade enables traders to replicate the success of seasoned professionals and potentially enhance their profitability.
Mai hui MHmarkets: July 26, 2023-MHM European Perspective
Now Wednesday (July 26) Asian time, spot gold narrow range volatility, currently trading around $1963.07 per ounce, near the Federal Reserve interest rate resolution announced, market investors generally into the wait and see, gold short-term volatility is small.
Mai hui MHmarkets: July 26, 2023 - Fundamental Reminder
Tuesday's US economic data is still full of contradictions, on the one hand, consumer confidence rose to a 2-year high, on the other hand, the Richmond Fed manufacturing activity continued to be sluggish in July, market sentiment is increasingly nervous, although this week's 25 basis point rate hike has long been priced in, but any subsequent guidance from Powell will set markets off. The dollar index fell after five straight gains, closing down 0.13 percent at 101.27.
07/26 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-26
WCG Markets:2023-07-26
Amazing Tips on How to Become a Professional Trader
Achieving a consistent stream of profits in the financial markets, in reality, appears to be far more challenging than it appears at first glance. In fact, research suggests that over 80% of those who wish to become traders will eventually fail, wash out, and turn their attention to safer hobbies down the road.
5 Lucrative Online Business Ideas in Finance for Digital Entrepreneurship
Countless people have already made the leap to digital entrepreneurship. And with the right knowledge-how, becoming a successful digital entrepreneur can be within your grasp too. Certainly, from partnerships and Introducing Brokers to affiliate marketing, the spectrum of potential finance business models is wide and inviting!
What is the Spread? How to calculate Spreads in Forex Trading
Spreads are an essential component of any trading choice since they can turn a winning trade into a bittersweet victory or a profitable investment into an avoidable loss. The spread a trader pays has a direct influence on their overall trading costs, making it an important factor when selecting a forex broker and engaging in trading endeavors!
Mai hui MHmarkets: July 25, 2023-MHM European Perspective
Spot gold edged up on Tuesday (July 25) Asian hours and is now trading at $1,962.07 an ounce, as Monday's closely watched purchasing managers' index (PMI) surveys showed US business activity slowed in July while Europe contracted more than expected, suggesting both central banks may be nearing the end of their rate-hike cycles.